If you’ve got mountains of debt piling up, it can be all-too-easy to throw your hands in the air and turn a blind eye to burgeoning balances.

We also highlight your rights as a borrower, explain your bankruptcy options, as well as give you an honest assessment of payday loans.Some people think of home equity as how much they’ve paid off on their mortgage.Depending on how much equity you have in your home, you might be able to borrow against it and use the cash you get to pay off debt.A debt consolidation loan is when someone borrows money and then uses that money to pay off other debts.You may want to apply for a consolidation loan if you’re struggling to make your minimum monthly payments on your credit cards, line of credit or overdraft.